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I'm sorry, but I have to chime in on the "not worth it" side on this one. I don't care if this is a Panchenko. I don't care if it has carbon fiber trim. I don't care that it is hand finished. This is $230 for a 1" knife. This thing is so small it is laughable. Why would you ever carry this? It is too small to be usable for.... practically anything. Grip and leverage also look like they would be a problem given the shape and size. Why would you display it? It is too small to stand out in any case or collection. Look, I've spent some serious money on serious steel in the past, but $230 per inch of cutting surface is just crazy. It's a free country and a free market, and if you see value here, then go nuts, it's your money. I just don't understand why anyone would drop that much money on something this small.
If you measure the worth of an item like this in cost per inch of cutting length then you're probably not the target market. This is a cool little trinket that has a blade, not something that is designed to be an everyday carry tool (although I suppose for less intensive tasks it would suffice).